[ad_1]
Small-caps shares have been a noticeable laggard for over two years.
However a current year-end rally has set the iShares ETF on fireplace. Will this mark a change in efficiency sooner or later?
IWF-Month-to-month Chart
In the present day’s chart of the Russell 2000 ETF highlights its underperformance (see blue shaded space the place IWM has traded sideways for 2 years). The blue shaded space additionally represents the decrease 50% of the excessive to low).
Word that the current sharp rally has the Russell 2000 testing the 50% retracement line at (1) and that is occurring as SentimenTrader buying and selling sentiment reaches Excessive Greed. Simply as Excessive Concern has marked bottoms up to now, Excessive Greed could also be marking a high right here.
In my humble opinion, what this 2-year market laggard does at (1) could be necessary.
[ad_2]
Source link
